The Chronicle: Capella University Overcharged Student Lenders $588,000, Audit Finds
Washington — Capella University, an online, for-profit institution based in Minneapolis, could be asked by the U.S. Education Department to repay more than a half-million dollars in student-aid money.
The department’s inspector general has issued an audit in which it contends that the university overcharged lenders participating in the federal guaranteed-student-loan program, and the department itself, by a total of $588,000.
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